Description
Australia's annual inflation rate has jumped to 3.8%, up from just 1.1%. Inflation is also rising in the United States – but is it really a worry? Plus, the Australian-led innovation to bring the Consumer Price Index into the 21st century.
Guests
Professor Kevin Fox, Director, Centre for Applied Economic Research, UNSW Business School
Nicki Hutley, economic consultant, advisor to Social Outcomes and Climate Council, former Senior Partner, Deloitte Access Economics
Economics is called the dismal science in part because it is about hard choices — situations where we can't have our cake and eat it too. Last year it seemed as if COVID wasn't one of them. Keeping the virus at bay gave Australia one of the world's lowest death tolls and one of its shortest...
Published 09/16/21
Professor Richard Thaler has spent his career investigating how people really behave – how we save for retirement, what we choose to eat, how we use energy. Through understanding the many reasons for human misjudgement, such as being too optimistic, or facing too many choices, Richard Thaler's...
Published 09/09/21